Collectible Stocks and Bonds from North American Railroads     by Terry Cox

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Search the Coxrail database for descriptions of 23,700+ certificates from over 7,400 North American railroad companies.

Imprinted Revenue Stamps

In order to help finance the Civil War, the U.S. government collected a few cents from every official transaction that involved the exchange of money. For instance, the government collected revenue from the sale of deeds, mining claims, mortgages, insurance policies, receipts, playing cards, and, of course, stocks and bonds. Initially, revenue was collected by attaching adhesive revenue stamps to documents. Revenue stamps are plentiful on checks, drafts, and warrants.

It quickly became apparent that adhesive stamps were cumbersome, so Congress enacted a law effective October 1, 1862 allowing revenue stamps to be pre-printed on certain kinds of documents.

Over time, the numbers of different kinds of imprinted revenues grew dramatically.

In the U.S., stamp collectors pay substantial values for rare varieties. In some cases, revenues may be worth more than underlying certificates.

Stamp collectors refer to the different varieties of imprinted revenues using the nomenclature developed by Scott Publishing Company. Official numbering can be found in annual editions of the Scott Specialized Catalogue of United States Stamps.

Another reference useful to stock and bond collectors is the Field Guide to Revenue Stamped Paper - part 7, Stocks, Bonds, RR tickets by B.J. Castenholz.

Currently, eight varieties (plus several sub-varieties) are known on railroad stocks and bonds. Be aware that some varieties are highly sought-after by stamp collectors and they may be willing to pay more than certificate collectors.

Many imprinted revenues have varieties known with additional stipulations printed on or near the image. For instance, many have additional text that reads something like "Good only for bank check". Such varieties are uncommon or unknown on stocks and bonds, but may appear on related collectibles. Please consult the latest edition of Scott's catalog for details. If interested in specializing in these and other imprinted revenues, be sure to visit the American Revenue Association at http://revenuer.org/.

THESE impressions are foreign revenues. They are fairly common on bonds from U.S. railroad companies because so many bonds were sold in Europe. I have not found clear evidence such revenues either enhance or decrease collectible prices.

With the help of revenue specialist, Eric Jackson, I have compiled a list of imprinted revenues you are likely to find on U.S. financial documents.

 

Key: Highlighted entries

Revenues highlighted with blue have been discovered on railroad stocks and bonds.

Scott Type A

rectangular design with numeral "2"
22 mm wide x 25 mm tall
2¢, known in black, orange, purple, green
none recorded on railroad certificates


Image courtesy Eric Jackson Revenue Stamps
Click for view of revenue on document.

 

Scott Type B

eagle looking left with wings raised
31 mm wide x 48 mm tall
2¢, known in black and several colors
none recorded on railroad certificates


Click for view of revenue on document.

 

Scott Type C

Washington in circle looking left with long panel behind
(similar to image on U.S. quarter)
109 mm wide x 49 mm tall
2¢, known in orange, brown, red, yellow, and green
none recorded on railroad certificates


Click for view of revenue on document.

 

Scott Type D

Franklin in oval looking left, circular designs left and right, small '2's above and below vignette
80 mm wide x 43 mm tall
2¢, known in orange, brown, red, and yellow
none recorded on railroad certificates


Image courtesy Eric Jackson Revenue Stamps
Click for view of revenue on document.

 

Scott Type E

Franklin in oval looking left on tall rectangular background, '2's in all corners
28 mm wide x 50 mm tall)
2¢, known in orange, brown, red, and yellow
none recorded on railroad certificates


Click for view of revenue on document.

 

Scott Type F

Franklin in circle looking left, large '2's in circles left and right
56 mm wide x 34 mm tall
2¢, known in orange and yellow
none recorded on railroad certificates


Click for view of revenue on document.

 

Scott Type G

Liberty in oval looking right, '2's above and below vignette, diamond shaped-design
80 mm wide x 48 mm tall
2¢, known in orange and yellow
none recorded on railroad certificates


Click for view of revenue on document.

 

Scott Type H

eagle in circle with raised wings on rock facing right, '2's above and below vignette
32 mm wide x 50 mm tall
2¢, known in orange
none recorded on railroad certificates


Click for view of revenue on document.

 

Scott Type I

head and shoulders view of Washington looking slightly left, '2's in four corners
20 mm wide x 23 mm tall
2¢, known in orange
none recorded on railroad certificates


Click for view of revenue on document.

 

Scott Type J

bust of Washington looking right, small '2's at left and right ends of imprint
105 mm wide x 40 mm tall
2¢, known in orange and red
none recorded on railroad certificates


Click for view of revenue on document.

 

Scott Type K

Romanesque bust of Washington looking left, '2's in circular lathework medallions left and right
84 mm wide x 33 mm tall
2¢, known in orange, brown and other colors
none recorded on railroad certificates


Click for view of revenue on document.

 

Scott Type L

Romanesque bust of Washington looking left, small '2's left and right
50 mm wide x 33 mm tall
2¢, known in orange, green, brown and other colors
none recorded on railroad certificates


Image courtesy Eric Jackson Revenue Stamps
Click for view of revenue on document.

 

Scott Type M

head of Washington in circle looking left, large '2's left and right
68 mm wide x 37 mm tall
2¢, known in orange, yellow, green, and gray
none recorded on railroad certificates


Image courtesy Eric Jackson Revenue Stamps
Click for view of revenue on document.

 

Scott Type N

large '2' in center oval, eagle with shield looking left at left, Civil War ship (the Monitor) at right
108 mm wide x 48 mm tall
2¢, known in orange and brown
none recorded on railroad certificates


Click for view of revenue on document.

 

Scott Type O

Liberty in oval center looking left with staff and Liberty Cap, shield with 1871 in circle left, '2' and laurel leaves in circle right (similar to U.S. coin of era)
75 mm wide x 35 mm tall
2¢, known in orange
none recorded on railroad certificates


Image courtesy Eric Jackson Revenue Stamps
Click for view of revenue on document.

 

Scott Type P1

Lincoln in tall frame
32 mm wide x 49 mm tall
5¢ green


Image courtesy Eric Jackson Revenue Stamps
Click for view of revenue on document.

 

Scott Type P2

Lincoln in tall frame
32 mm wide x 49 mm tall
5¢ brown


Click for view of revenue on document.

 

Scott Type P5

Lincoln in tall frame
32 mm wide x 49 mm tall
5¢ orange


Image courtesy Eric Jackson Revenue Stamps
Click for view of revenue on document.

 

Scott Type Q1

bust of James Madison looking right, tall design with '5's in all corners
28 mm wide x 56 mm tall
5¢ orange


Image courtesy Eric Jackson Revenue Stamps
Click for view of revenue on document.

 

Scott Type Q2

bust of James Madison looking right, tall design with '5's in all corners
28 mm wide x 56 mm tall
5¢ brown


Image courtesy Eric Jackson Revenue Stamps
Click for view of this exceedingly rare revenue on document.

 

Scott Type R1

Lincoln
32 mm wide x 49 mm tall
10¢, known in red, brown and orange 10¢ brown


Image courtesy Eric Jackson Revenue Stamps
Only FIVE examples known, all on bonds of the Lamoille Valley Montpelier & St Johnsbury & Essex County Railroad Companies of Vermont. Click for view of revenue on document.

 

Scott Type S1

bust of Washington looking left, small '10's in all corners
33 mm wide x 54 mm tall
10¢ orange


Image courtesy Eric Jackson Revenue Stamps
Click for view of revenue on document.

 

Scott Type S2

bust of Washington looking left, small '10's in all corners
33 mm wide x 54 mm tall
10¢ orange

 

Scott Type T1

eagle looking left with wings raised
33 mm wide x 40 mm tall
25¢ black

 

Scott Type T2

eagle looking left with wings raised
33 mm wide x 40 mm tall
25¢ green


Image courtesy Eric Jackson Revenue Stamps
Click for view of this very scare revenue on document.

 

Scott Type T3

eagle looking left with wings raised
33 mm wide x 40 mm tall
25¢ red


Image courtesy Eric Jackson Revenue Stamps
Click for view of this revenue on document.

 

Scott Type T4

eagle looking left with wings raised
33 mm wide x 40 mm tall
25¢ orange


Image courtesy Eric Jackson Revenue Stamps
Click for view of this revenue on document.

 

Scott Type U1

head of Franklin looking left, large '25's in lathework circles left and right
126 mm wide x 65 mm tall
25¢ orange


Image courtesy Eric Jackson Revenue Stamps
Click for view of this revenue on document.

 

Scott Type U2

head of Franklin looking left, large '25's in lathework circles left and right
126 mm wide x 65 mm tall
25¢ brown


Click for view of this revenue on document

 

Scott Type V1

Lincoln
32 mm wide x 41 mm tall
50¢ green

image needed

 

Scott Type V2

Lincoln
32 mm wide x 41 mm tall
50¢ brown


Image courtesy Eric Jackson Revenue Stamps
Click for view of this revenue on document.

 

Scott Type V4

Lincoln
32 mm wide x 41 mm tall
50¢ orange


Click for view of this revenue on document.

 

Scott Type W2

bust of Washington in circle looking left, tall design
34 mm wide x 73 mm tall
$1 orange


Image courtesy Eric Jackson Revenue Stamps
Click for view of this revenue on document.

 

Scott Type W5

bust of Washington in circle looking left, tall design
34 mm wide x 73 mm tall
$1 brown

image needed

 

Scott Type W6

34 mm wide x 73 mm tall
$1 pink


Image courtesy Eric Jackson Revenue Stamps
Click for view of this revenue on document.

 

Scott Type X4a

Liberty in oval center looking left with staff and Liberty Cap, four '1's left and right of vignette
68 mm wide x 38 mm tall
1¢ and 2¢ varieties, known in orange, yellow and other colors
known mainly from railroad parlor car tickets
none recorded on railroad stocks and bonds
1¢ orange


Image courtesy Eric Jackson Revenue Stamps
Click for view of this revenue on document.

 

 

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